OSISKO METALS INCORPORATED ("OM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 24, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Property Option Agreement dated June 28, 2017 between Osisko Metals Incorporated (the Company) and Patrick Russell and Robert Richard (the Vendors) whereby the Company may acquire a 100% interest in the Mount Fronsac Property, located in Northumberland County, New Brunswick. Consideration is $300,000 cash, 200,000 common shares and $600,000 work expenditures over a 4 year period. The Company also is required to make cash and share payments upon the following milestones. 100,000 common shares and $10,000 cash upon a positive Preliminary Feasibility Study and 100,000 common shares and $40,000 cash upon a positive Feasibility Study. The Vendors retain a 1.5% NSR with the Company having the right to purchase 1% for $1,000,000 at any time.
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